Euro/Dollar forecast for today: EURUSD analysis 06.12.2022

The EURUSD buyers haven’t broken out the Target Zone 1.0572 – 1.0540. The price is now declining, and testing support (A) 1.0488 – 1.0478. One could enter new long trades at the support (A); the upside target is at yesterday’s high.

If support (A) is broken out, the correction will continue down to support (B) 1.0435 – 1.0419, where I also suggest entering purchases with the above-mentioned targets.

EURUSD trading ideas for today:

  1. Buy according to the pattern at support (А) 1.0488 – 1.0478.
    TakeProfit: 1.0591.
    StopLoss: according to the pattern rules.
  2. Buy according to the pattern at support (В) 1.0435 – 1.0419.
    TakeProfit: 1.0591.
    StopLoss: according to the pattern rules.

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